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Like Lincoln did. Like Wilson did. Like Roosevelt did. Like Truman did. Like LBJ did. (God rest his sweet Texas soul.) Or perhaps you would like us to sell everything including the front porch to the Chinese bankers.

Actually yes. He proposed and passed a 6% surcharge on taxes in 1967 to finance the costs of the Vietnam war in conjunction with implementing significant spending cuts. As a direct result, his last budget, for fiscal year 1968/69, had revenues in excess of expenditures. Clinton was the first President after LBJ to do this again. During LBJ's presidency, the national debt also shrank as a percentage of GDP.